Industrial Policies

The Government has taken several initiatives to accelerate growth in this sector and improve competitiveness of Indian industry in general and manufacturing in particular-

 Implementation of technology up gradation schemes for various sectors such as small scale industries, textiles, food processing
  among others.
  Implementation of industrial infrastructure up gradation programmes on cluster basis.
 Easier access to inputs at competitive prices and rationalization and reduction in duty rates.
 Encouragement to foreign technology collaborations and liberalization of FDI in manufacturing activities.
Launch of "Visionary Leadership in Manufacturing" programme to generate 300 visionary leaders in manufacturing in the next three  years.
 Implementation of Special Economic Zones Act.
 Starting the construction of Delhi-Mumbai Industrial Corridor in cooperation with Japan External Trade Organization (JETRO).

To further encourage manufacturing growth, the Government plans to set up Manufacturing Investment Regions (MIRs) on the lines of Petroleum and Petrochemicals Investment Regions (PCPIR).